1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Deffense [45]
2 years ago
9

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita

l. One example is a commercial bank, which takes in demand deposits and then uses that money to make long-term mortgage loans. True False
Business
1 answer:
Alex17521 [72]2 years ago
7 0

Answer:

True

Explanation:

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. A bank that takes in demand deposits and then uses that money to make long-term mortgage loans is one example of a financial intermediary.

You might be interested in
When the Fed sells securities, the total funds of commercial banks ____ by the market value of the securities sold by the Fed. T
Colt1911 [192]

Answer:

The correct answer is decrease; tightening.

Explanation:

If the FED reduces the money supply, it can cause interest rates to rise and credit conditions to tighten. If there is no change in the demand for money, the effect of reducing the money supply is said to lead to higher interest rates. For its part, another effect is to decrease the volume of loans made.

5 0
3 years ago
In economics , the what is it called when individuals focus on perfecting a limited range of tasks, so as to become experts in t
Korvikt [17]
Specialisation is when individuals focus on perfecting a limited range of tasks so as to become experts in that particular field
8 0
3 years ago
Disk City, Inc. is a retailer for digital video disks. The projected net income for the current year is $2,300,000 based on a sa
Marat540 [252]

Answer:

big dog

Explanation:

5 0
3 years ago
All of the following statements related to recording warranty expense are true except: Multiple Choice Recording estimated warra
wel

Answer:

<em>Warranty expense should be recorded in the period when the warranty service is performed.</em>

Explanation:

When the product is sold, a product guarantee liability and warranty cost should be reported if it is possible that consumers may make claims under the warranty and the amount can be calculated.

Those two provisions are part of the Financial Accounting Standards Statement No. 5 of the FASB, Accounting for Contingencies.

5 0
3 years ago
Clay’s Forging at Canal Fulton wants to determine its inventory management performance during its past year of operations. Refer
Tatiana [17]

Answer:

days on inventory 57 + collection cycle 163- payment cycle 63

CCCT = 157 days

Explanation:

The cash-to-cash measures the times from the company paid his good from the time it collect from the customer:

days inventory outstanding + collection cycle - payment cycle

<u>days inventory outstanding:</u>

\frac{365}{Inventory TO} = $Days on Inventory

Where:

\frac{COGS}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

COGS                         $ 1,790,000

Beginning Inventory: $    273,000

Ending Inventory:      $   290,000

Average Inventory:   $     281,500

\frac{1790000}{281500} = $Inventory Turnover

Inventory TO 6.358792185

\frac{365}{6.35879218472469} = $Days on Inventory

Days on Inventory 57

<u>Collection cycle:</u>

\frac{Sales}{Average AP} = $AP Turnover

​where:

$$Average AP=(Beginning AP+ Ending AP)/2

Purchases:      1,575,000

Beginning AP:   227,500

Ending AP:         316,200

Average AP:      271,850

\frac{1575000}{271850} = $AP Turnover

\frac{365}{AP TO} = $payment cycle

AP TO 5.793636196

payment cycle 63

<u>Collection cycle</u>

\frac{Sales}{Average AR} = $AR Turnover

Sales 102,000

Average AR 45,500

\frac{102000}{45500} = $AR Turnover

\frac{365}{AR TO} = $collection cycle

AR TO 2.241758242

\frac{365}{2.24175824175824} = $collection cycle

collection cycle 163

5 0
3 years ago
Other questions:
  • This department administers the food stamp program which provides coupons to needy families to increase their food purchasing po
    9·1 answer
  • Jack is preparing for a party and makes potato salad, but he does not realize that the salad contains one escherichia coli bacte
    15·1 answer
  • Conquistadores were from?
    9·1 answer
  • Exercise 14-1 On January 1, Guillen Corporation had 90,000 shares of no-par common stock issued and outstanding. The stock has a
    10·1 answer
  • The Electronic Signatures in Global and National Commerce Act makes digital signatures as valid as non-digital pen-and-ink signa
    14·1 answer
  • Which of the following is still primarily a bricks-and-mortar industry?
    5·1 answer
  • Quasi Contract Middleton Motors, Inc.. a struggling Ford dealership in Madison, Wisconsin. sought managerial andfinancial assist
    9·1 answer
  • Describe how consumers have influence the success of products in recent years
    11·1 answer
  • A major financial institution hired a renowned security firm to attempt to compromise its computer network. A few days later, th
    10·1 answer
  • Sgesergrbrtbtrbtrb rgbrbbteber
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!